ASEAN: Root And Tuber Market 2024

Root And Tuber Market Size in ASEAN

The ASEAN root and tuber market shrank modestly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Root And Tuber Production in ASEAN

In value terms, root and tuber production contracted to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined X% share of total production. Cambodia, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average root and tuber yield reduced modestly to X tons per ha in 2022, approximately reflecting the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 when the yield increased by X% against the previous year. Over the period under review, the root and tuber yield reached the peak level at X tons per ha in 2021, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in ASEAN declined to X ha, therefore, remained relatively stable against 2021. Overall, the harvested area continues to indicate a slight slump. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports in ASEAN

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports expanded notably to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2015; afterwards, it flattened through to 2022.

Exports by Country

Thailand was the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Vietnam (X tons), comprising an X% share of total exports. Lao People's Democratic Republic (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to root and tuber exports from Thailand stood at X%. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest root and tuber supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

In Thailand, root and tuber exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Root And Tuber Imports

Imports in ASEAN

In 2022, the amount of roots and tubers imported in ASEAN soared to X tons, rising by X% against 2021 figures. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, root and tuber imports skyrocketed to $X in 2022. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Thailand dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons), constituting a X% share of total imports. Vietnam (X tons) took a minor share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported roots and tubers in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, waning by X% against the previous year. In general, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform